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Investors cheer Italy after president elected

Hopes of an end to two months of political deadlock in Italy drove its financial markets higher on Monday after the re-election of 87-year-old Giorgio Napolitano suggested parties may be nearer a deal to form a government.

 

Italy's parliament fails to elect president in first vote

Italy's parliament failed to elect a president in its first vote on Thursday, with internal party divisions undermining the center-left's official candidate, former trade unionist and ex-Senate speaker Franco Marini.

 

Italy's "wise men" seek to end political crisis; president gloomy

Italian President Giorgio Napolitano expressed despair on Tuesday at fierce criticism of his latest plan to end a post-election deadlock that has raised fears of months of instability in the euro zone's third largest economy.

 

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